ST. LOUIS RESIDENT KENNETH LEE AND HIS COMPANY ORDERED TO PAY MORE THAN $567,000 TO DEFRAUDED COMMODITY CUSTOMERS; Court Permanently Bans Defendants From Trading Other enforcement

CFTC release 4905-04 · 2004-03-24 · view on cftc.gov ↗

Key facts

Release number: 4905-04
Release date: 2004-03-24
Type: Other enforcement
Primary source: https://www.cftc.gov/PressRoom/PressReleases/4905-04

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.